Ninety Percent of American Workers Will Receive Bigger Paychecks Due to Tax ReformTreasury Department releases new rules for tax withholding tables starting in February
Washington, DC,
January 12, 2018
Rep. Mike Johnson (LA-04) released the following statement after the Treasury Department announced its rules for the new tax withholding tables under the Tax Cuts and Jobs Act: “I am proud to have worked with my colleagues and the administration to deliver real relief to the American people by passing our historic tax reform package. Despite many false claims regarding the effects of our efforts, hardworking Americans are already seeing the immediate benefits of this new, pro-growth tax code. Businesses are rewarding their employees, expanding their operations and making new investments as a direct result of the Tax Cuts and Jobs Act. And now, the Treasury Department has updated its withholding calculations and confirmed that 90 percent of Americans will take home a bigger paycheck starting in February. The new year is off to an exciting start, and I look forward to many more great things to come.” |